THE GOVERNMENT is looking to expand the list of environmental projects eligible for financing via the issue of so-called “green bonds.” “Government is looking at expanding the coverage of the ASEAN (Association of Southeast Asian Nations) Framework for Green Bonds to cover such sectors as transportation, infrastructure, and commercial banking. We hope to mainstream access […]

THE Department of Energy (DOE) has received 331 applications from industry stakeholders seeking the certification of their power projects as “energy projects of national significance [EPNS].” As of January 11, the DOE said in its website that 293 applications were accepted while 38, or 11 percent, were notified of their noncompliance as to form or documentary […]

From being a finalist last year, Muntinlupa National High School (MNHS) topped an international research competition promoting renewable energy. In awards rites held on Monday in Abu Dhabi, the public school received the 2019 Zayed Sustainability Prize (ZSP) for its research proposal titled “RevAMP: Revitalized Algae Micro-farming,” besting hundreds of entries from around the world. […]

ORMOC CITY – Two Philippine companies, the Lopez-led First Gen Corporation and Energy Development Corporation (EDC), have been included in the latest list of the world’s top 200 biggest and greenest companies. The two companies have their offices here with First Gen in Ormoc City, and EDC in Kananga, Leyte. The prestigious list, called the […]

MANILA, Philippines — To start the new year, Meralco announced that overall electricity rates decreased to P9.8385 per kWh this month from last month’s P10.1803 per kWh. The downward adjustment of P0.3418 per kWh will mean a decrease of around P68 in the total bill of a typical household consuming 200kWh. Lower PSA charges From […]

One of the Philippines’ largest banks, Rizal Commercial Banking Corporation (RCBC), on January 14 announced the establishment of its green finance framework to provide the basis for the issuances of green bonds and loans, which can be denominated in pesos or in any other currency. Proceeds from any green financing exercise under the framework will […]

MANILA, Philippines — Another major fuel price hike takes effect today – the second in two weeks this month – in step with rising crude costs in the world market. The second tranche of the fuel excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law has nothing to do yet with the […]

MANILA — AboitizPower remains keen on investment opportunities outside the Philippines, its Chief Operating Officer Emmanuel Rubio said Tuesday. Rubio told reporters that the company is still looking for investment opportunities in the power generation business in Southeast Asian countries such as Indonesia, Myanmar, and Vietnam. He said AboitizPower is currently doing feasibility studies and […]

International Container Terminal Services, Inc. (ICTSI)’s Manila International Container Terminal (MICT) has received the Philippines’ first hybrid rubber-tired gantries (RTGs), as part of a long-term investment in capacity enhancement and environmental efficiency. Four out of 16 hybrid RTGs have been delivered, each equipped with a 200kVA Li-ion battery and a smaller diesel engine that aims […]

The Philippines’ energy ministry has approved the bid from local fuel retailer Phoenix Petroleum and China’s CNOOC to build the country’s first liquefied natural gas (LNG) import terminal. The $2 billion regasification and imports terminal will be built south of the capital of Manila, featuring a capacity to handle 2.2 million tonnes per annum (Mtpa) of […]